Market Digest: Bitcoin Holds at 112K as Gold Hits Records on Fed Cut Bets

Key takeaways

U.S. equities advanced, with the Nasdaq hitting a record as traders bet on Fed rate cuts.
France plunged into political crisis after a no-confidence vote brought down Prime Minister Bayrou, deepening fiscal uncertainty.
Gold jumped above $3,640 as U.S. yields slid and central banks continued strong gold purchases.
Bitcoin climbed past $112K while Solana rallied, as investors positioned ahead of Fed decisions.

Geopolitics & Market Sentiment

On September 8, 2025, markets recorded gains as investors strengthened expectations of a Federal Reserve rate cut next week, with Wall Street going higher on technology shares and gold surging on safe-haven demand.

On the diplomatic front, political turbulence spread across Europe and Latin America. In France, a no-confidence vote brought down Prime Minister François Bayrou, deepening uncertainty over fiscal reforms as the euro zone’s second-largest economy grapples with heavy debt and rising borrowing costs.

Across the Atlantic, Argentina’s Merval plunged 13% amid political and currency turmoil, with the peso sliding to record lows.

In Brazil, President Luiz Inácio Lula da Silva called for deeper BRICS integration to counter what he described as “tariff blackmail,” as India and Brazil remain in Washington’s crosshairs.

Meanwhile, in The United States, President Donald Trump announced “Operation Midway Blitz,” which is an immigration enforcement campaign in Chicago, intensifying tensions between federal authorities and state leaders.

On the economic front, soft U.S. jobs data reinforced expectations of imminent policy easing, with futures markets now predicting an 88% chance of a 25-basis-point Fed cut on September 17, with around 10–12% odds of a 50-basis-point reduction. Meanwhile, Benchmark Treasury yields slid further, with the 30-year yield dipping below 4.70%.

In reaction to these events, gold surged past $3,640 an ounce, hitting fresh records as central banks extended purchases, while Oil prices steadied after OPEC+ announced a modest production hike.

In Crypto, Bitcoin traded above $112,000 with a 1.1% gain, supported by a weaker dollar and rising institutional flows. Ethereum edged higher to $4,315, while Solana jumped more than 4% past $215.

At the same time, Binance Coin slipped slightly, but altcoin momentum picked up as Bitcoin’s dominance eased toward 58.3%.

Price movements

Global Indices

S&P 500 Index (SPX): 6,495.16 (+0.21%)
Dow Jones Industrial Average (DJI): 45,514.95 (+0.25%)
Nasdaq Composite Index (IXIC): 21,798.70 (+0.45%)
Nikkei 225 Futures (NK2251!D): 43,980.0 (+0.73%)
Euronext 100 Index (N100-D): 1,594.12 (+0.74%)
FTSE 100 (FTSE): 9,235.0 (+0.08%)

Cryptocurrencies

Bitcoin (BTCUSD): 112,376 (+1.11%)
Ethereum (ETHUSDT): 4,314.94 (+0.20%)
Binance Coin (BNBUSDT): 879.01 (−0.12%)
Solana (SOLUSDT): 215.03 (+4.21%)
BTC Dominance (BTC.D): 58.36% (−0.18%)

Major Stocks

Nvidia (NVDA): 168.31 (+0.77%)
Tesla (TSLA): 346.40 (−1.27%)
Microsoft (MSFT): 498.20 (+0.65%)
Meta Platforms (META): 752.30 (−0.02%)
Apple (AAPL): 237.88 (−0.76%)
Amazon (AMZN): 235.84 (+1.51%)

Commodities

Silver (XAGUSD): 41.288 (−0.09%)
Gold (XAUUSD): 3,629.83 (−0.16%)
WTI Crude Oil (USOIL): 62.44 (−0.02%)
Brent Crude Oil (BRENT3!): 68.16 (−3.68%)

Forex

U.S. Dollar Index (DXY): 97.034 (−0.27%)
EUR/USD: 1.1762 (−0.01%)
GBP/USD: 1.3549 (+0.03%)
USD/JPY: 147.44 (−0.02%)